Friday, June 26, 2015

Where previous posts outlined the components of Flats East Bank Project and its economic benefits, this post looks at the critical question of “Why use EB-5 investment capital?”

The idea of the Flats East Bank was conceived as a true catalyst for change in the struggling city of Cleveland, and the developer and other leaders had been trying to get the Project started for years, but to no avail. Once the credit crisis hit and the economy worsened, access to critical capital to move the Project forward became even more difficult. Yet even in the face of frozen credit markets, the development team was determined to get this important Project started.

Thursday, June 18, 2015

CiF is pleased to announce that we have received new
approvals from the USCIS for two of our EB-5 projects!

EB-5 Investors who helped finance Phase II of the Uptown project in University Circle are now receiving I-526 approvals! The Uptown
expansion consisted of the construction of a new mixed-use retail and
residential building, which houses The Corner Alley and student apartments for
the Cleveland Institute of Art. A group
of foreign investors, working through CiF, is placing $5 million USD into the
project, helping to complete the overall project financing.

Further, the Flats East Bank Phase II EB-5 project has
received I-924 approval from the USCIS, meaning that the agency has accepted
the project’s business plan as well as the economic methodology that will later
determine the project’s total job creation.

This is an important milestone for any EB-5 project, since creating
new jobs is one of the key criteria an EB-5 investor must meet in order for the
investment to result in permanent US residency.

Monday, June 15, 2015

The
past 10 years has seen a remarkable turn around for downtown Cleveland. The
city’s downtown core and inner ring suburbs have been home to an impressive
alliance of public and private entities that has successfully encouraged new
development in locations that were previously overlooked as viable investment
options.

About CiF

Cleveland International Fund (CiF) is a private equity fund that finances local, job-creating projects by raising investment funds from around the globe. Operating under a US government program known as EB-5, we offer our foreign investors and their families an expedited path to permanent US Residency. We also fulfill a mission of financing job-creating projects that spur economic development in our community.

Disclaimer

This material is not an offer or solicitation to invest in any security, does not form part of any existing or future solicitation or offering, and is provided for general information purposes only and not as immigration, investment or tax advice. Security offerings, if any, will only be made pursuant to exemptions from registration requirements set out in applicable securities laws. The content hereof is qualified in its entirety by any offering memorandum and related operating agreement that may exist now or in the future.